Phase 1, also known as Circus West, is a mix of 800 apartments with a blend of offices, shops, community and cultural spaces designed by Ian Simpson Architects and de Rijke Marsh Morgan.

Circus West residents will also have access to a 5,000sq ft private residents club with bar, private dining space, library, business centre and private cinema.

Carillion, Laing O’Rourke, Sir Robert McAlpine, Lend Lease and Brookfield are jostling to build this £350m first phase.

Buro Happold are carrying out engineering design and consultancy on this phase.

Preparatory work on Phase 1, to the West of the 39 acre site, has already begun with construction now due to start in the second half of this year.

This will coincide with the start of the renovation of the Grade II* listed Power Station itself, the largest brick building in Europe and one of the most significant surviving examples of Art Deco architecture.

Sir Robert McAlpine is seen as a front runner for this job, having been involved in the initial partial demolition of the iconic building more than 20 years ago.

Turner & Townsend UK Managing Director Steve McGuckin, said: “This is a landmark project in every sense of the word, and we are delighted to have been appointed to play such an important role in its delivery.

“Turner & Townsend has extensive experience of working on high profile developer projects in the capital such as The Shard.

“The Battersea Power Station development will be an exemplar of project delivery,” he predicted.